New Report Discusses Factors Propelling Mobile Pay

New Report Discusses Factors Propelling Mobile Payment Services Forward

Mobile money has emerged as one of the most popular alternative means of payment in recent years. With an increasingly large portion of trade and commerce occurring online and in virtual marketplaces, mobile payment services that allow people and businesses to make purchases quickly and conveniently have seen their market share grow immensely.

These services became even more popular during the COVID-19 pandemic, when many businesses turned to online sales, home deliveries, curbside pickups and virtual payments to prevent the contagion from spreading. A recent market report on the mobile-payment service segment now strives to provide market players with the knowledge to help them position themselves strategically and make informed decisions now that mobile money services are quickly becoming one of the go-to means of payment.

The Mobile Payment Services market report could be an important tool for entrepreneurs and businesses that want to gain an intimate understanding of the mobile payment services market and take advantage of the myriad of opportunities emerging in the novel segment. Report authors leveraged past market performance and historical data to project how specific regions and categories will grow their markets in the future to provide comprehensive qualitative and quantitative insights into the mobile money services market across multiple regions and countries.

The study used a SWOT analysis to evaluate the weaknesses, strengths, opportunities and challenges that key players in the market face. Using Porter’s Five Forces analysis helped the authors generate data on how competitive dynamics affected the entire industry, allowing them to gain a deeper understanding of supplier and buyer bargaining power, the potential for substitute products and new industry entrants, and the overall intensity of competition in the industry.

Industry players could use the report’s findings to mitigate risks, take advantage of market opportunities to beat out their competitors, capitalize on their strengths, and grow sustainably. At the moment, the nascent mobile payment services sector has the following key players: Alipay, Alphabet, Visa, ACI Worldwide, Apple, DH, Samsung Electronics, MasterCard, Jack Henry & Associates, PayPal Holdings, Fidelity National Information Services, Square, and Fiserv.

The report grants readers a nuanced and complete understanding of the mobile money services market, delving deep into factors that affect the market such as major challenges, the latest industry trends, and emerging opportunities. As a result, its findings provide a “panoramic view” of the young but swiftly growing mobile-payment services segment with helpful insights into the segment’s competitive landscape, growth potential, size and several other key dynamics.

Enterprises such as FingerMotion Inc. (NASDAQ: FNGR) that focus on mobile payments are likely to go through this report thoroughly in order to assess any actionable insights therein.

NOTE TO INVESTORS: The latest news and updates relating to FingerMotion Inc. (NASDAQ: FNGR) are available in the company’s newsroom at https://ibn.fm/FNGR

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